Digital Currency

Add as a preferred source on Google

Bitcoin Returns to 50-Day Average for First Time Since Reclaiming It

Trader Doctor Profit sees further upside for Bitcoin (BTC), with the 50-day average providing support.

Updated 1 min read
A Bitcoin price trace meets its 50-day moving-average line on a market chart. / EconoTimes.ai
A Bitcoin price trace meets its 50-day moving-average line on a market chart. / EconoTimes.ai

Read the original article

Bitcoin’s (BTC) 50-day moving average is central to a bullish view from trader Doctor Profit, who describes the latest touch as a support test.

Following a prior low, Bitcoin moved above the average; Doctor Profit said it had not returned to the level before this latest touch. He sees room for further gains if the average holds.

Related articles

View all